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Coinbase has reported that their support team is investigating an increase in error rates across their platform, affecting both web and mobile versions. As a result, customers may experience difficulties trading or selecting assets on the forum.
Some users have also reported issues with logging in to Coinbase.com and Coinbase Prime. This has prompted Coinbase’s teams to work diligently to resolve the issue as soon as possible.
Although no official statement has been released regarding the cause of this error rate increase, Coinbase’s team is working to address the issue and ensure that their platform continues functioning smoothly for their customers.
Coinbase has been a leading cryptocurrency exchange platform, and the company continues to prioritize its customer’s satisfaction by promptly addressing and fixing any issues that arise on its platform.
COIN Stock Performance: Analyzing the Latest Trends
On March 16, 2023, Coinbase Global, Inc. (COIN) started the trading day at $64.51 per share after closing at $64.47 the previous day. The day’s range was between $63.12 and $68.59, with a volume of 572,710 shares. The average volume for the past three months was 18,259,535 shares, and the company’s market cap was $12.4 billion as of 4:00 pm ET on the same day.
Looking at the earnings growth of COIN, the company experienced a decline of 182.78% in the last year but has since improved with an increase of 66.59% this year. The expected earnings growth for the next five years is 28.24%. On the other hand, the revenue growth decreased by 59.25% in the last year.
Regarding the valuation metrics, COIN has a Price/Sales ratio of 2.46 and a Price/Book ratio of 2.26. However, the P/E balance is unavailable, denoted by NM, indicating that the company has negative earnings.
No competitor data is available for COIN, which suggests that the company has a unique position in the market and it’s not directly competing with any other firm.
The following reporting date for COIN is set on May 10, 2023. The EPS forecast for this quarter is -$1.43, indicating that the company is expected to report negative earnings. The annual revenue for the previous year was $3.2 billion, while the yearly profit was -$2.6 billion. The net profit margin for the company is -82.18%, which indicates that the company is currently operating at a loss.
Overall, while COIN’s earnings and revenue growth were declining in the previous year, the company has seen improvement in its earnings growth for the current year. However, the company is still losing and is expected to report negative earnings this quarter. Investors should watch the upcoming financial report to see whether the company can improve its performance.
COIN Stock Performance: Analyst Forecasts and Recommendations
Coinbase Global, Inc. (COIN) is a leading cryptocurrency exchange platform that has gained momentum since its debut on the public market in April 2021. As of March 16, 2023, 24 analysts have given 12-month price forecasts for COIN, with a median target of $61.50, ranging from a low estimate of $27.00 to a high estimate of $150.00. The median estimate indicates a potential decrease of 9.18% from the last price of $67.72.
The consensus among 28 polled investment analysts is to hold stock in Coinbase Global Inc. This rating has been steady since February, when it was unchanged from a hold rating. This suggests that the analyst community is not overly optimistic or pessimistic about the company’s prospects.
Investors should consider analyst recommendations and price forecasts before making investment decisions. However, it’s essential to remember that these forecasts and offers are not always accurate and can be subject to volatility and unpredictability in the market.
Investors can also track the evolution of analyst recommendations over time by looking at past months’ data. This information can provide insight into whether analysts’ opinions about the company are changing and the potential reasons behind any shifts in sentiment.
While the median price forecast indicates a potential decrease in COIN’s stock price, the hold rating from analysts suggests that they believe the company has stable prospects. Investors should conduct their research and analysis before making any investment decisions.